Bitcoin ETFs See Continued Inflow for Ten Consecutive Days, Surpassing $130 Billion in Assets

As of May 28, the net inflow of funds into spot exchange-traded funds (ETFs) based on the first cryptocurrency reached $432.62 million.

This uptrend has been observed for the tenth consecutive day.

The net inflow into BlackRock’s IBIT product over the past 24 hours reached $480.96 million. Outflows from Fidelity’s FBTC and Arg & 21Shares’ ARKB amounted to $14.05 million and $34.29 million, respectively.

The total assets under management for providers of spot Bitcoin ETFs have exceeded $130 billion.

The cumulative net inflow into spot Ethereum ETFs, as of May 28, was $84.89 million, continuing a positive trend for eight days in a row.

The largest amount of funds in a single day was seen in BlackRock’s ETHA, which received $52.68 million. Other significant contributions came from FETH, ETH, and QETH, adding $25.71 million, $4.93 million, and $1.57 million, respectively.

In the last 24 hours, the price of Bitcoin dipped by 1% to $107,809, according to CoinGecko. In contrast, Ethereum saw a price increase of 3.5%, reaching $2,725.

Previously, Bitwise’s Chief Investment Officer Matt Hougan forecasted that Bitcoin ETFs could be included in the product offerings for clients of Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS by the end of 2025.

Additionally, it is worth noting that Bernstein identified institutional purchases as one of the five vital factors for the ongoing growth of the leading cryptocurrency.